Titlebook: Institutions, Equilibria and Efficiency; Essays in Honor of B Christian Schultz,Karl Vind Book 2006 Springer-Verlag Berlin Heidelberg 2006

胰脏

Learning of Steady States in Nonlinear Models when Shocks Follow a Markov Chain,or the stochastic model when shocks are sufficiently small. The results are applied to asset pricing and to an overlapping generations model. Large shocks can destabilize learning even if the steady state is stable with small shocks. Relationship to stationary sunspot equilibria are also discussed.

警告

得罪

Will Democracy Engender Equality?,ion (stochastically). This process determines the evolution of the distribution of human capital. We show that, whether the limit distribution of human capital is an equal one depends upon the nature of intra-party bargaining and the degree of inequality in the original distribution.

Cytology

champaign

和音

Group Formation with Heterogeneous Feasible Sets,ium of the associated non-cooperative game. We prove existence results for various classes of environments and also investigate the link between dimensionality of feasible sets and the existence of stable structures.

Melanoma

Monotone Risk Aversion,d only if the cumulative absolute risk aversion function is increasing and concave. This leads to a characterization of all such utility functions. Analogues of these results also hold for increasing absolute and for increasing and decreasing relative risk aversion.

鸣叫

Book 2006equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporatin

丰满中国

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